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Cited by 33 publications
(38 citation statements)
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“…While we constructed several alternative NSA median and trimmed mean CPI series starting in January 1983 and ending in March 2015, we will focus on a particular one, which adheres to BLS methods (see Appendix 6 for some additional details and results concerning the various alternative methodologies explored). To evaluate the usefulness of each trend inflation indicator, we use a set of criteria similar to those of Wynne (2008), Clark (2001), and Rich and Steindel (2007). 13 1.…”
Section: Performance Criteriamentioning
confidence: 99%
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“…While we constructed several alternative NSA median and trimmed mean CPI series starting in January 1983 and ending in March 2015, we will focus on a particular one, which adheres to BLS methods (see Appendix 6 for some additional details and results concerning the various alternative methodologies explored). To evaluate the usefulness of each trend inflation indicator, we use a set of criteria similar to those of Wynne (2008), Clark (2001), and Rich and Steindel (2007). 13 1.…”
Section: Performance Criteriamentioning
confidence: 99%
“…First, before a trend inflation indicator is adopted, it should have a track record. This prevents the sort of data-mining problem emphasized by Rich and Steindel (2007) -that a particular indicator could be tweaked so that, at a given point in time, it matches the historical record, but subsequently it underperforms. Second, an indicator which is not revised is preferable to one which is subject to revision.…”
Section: Performance Criteriamentioning
confidence: 99%
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